WarnerMedia CEO Says The Company Is "Rethinking Our Theatrical Model” Amid COVID-19 Crises

WarnerMedia CEO Says The Company Is "Rethinking Our Theatrical Model” Amid COVID-19 Crises

Following the announcement that Scoob! will skip theaters and head straight to VOD, WarnerMedia CEO John Stankey says the company is now "rethinking" its theatrical model. What does that mean for WW 1984?

The coronavirus pandemic essentially putting the world on lockdown has obviously had a major impact on Hollywood and all aspects of film production, and it's resulted in most major studios sending some of their planned theatrical content straight to streaming.

Yesterday, Warner Brothers announced that Scoob! would now debut on VOD, and WarnerMedia CEO John Stankey said on Wednesday that the pandemic has the AT&T-owned entertainment company “rethinking our theatrical model.”

During AT&T’s Q1 earnings conference call, Stankey said that while the studio fully intends to resume functioning as normal as soon as possible, the COVID-19 outbreak "will change many things" moving forward.

“We’re evaluating our product distribution strategy, relooking at volumes and the required support levels we need in a down economy,” he continued. “We’re rethinking our theatrical model and looking for ways to accelerate efforts that are consistent with the rapid changes in consumer behavior from the pandemic.”

Stankey then cited Scoob! skipping theaters as one example of the “new normal.”

What does this mean for upcoming releases like Wonder Woman 1984, Dune and Tenet? They are all currently still scheduled to hit theaters this year, but Stankey's comments could well be a precursor to an announcement informing us otherwise.

DISCLAIMER: Comic Book Movie is protected under the DMCA (Digital Millenium Copyright Act) and... [MORE]
Related Headlines
WONDER WOMAN Star Gal Gadot Shares Heartfelt Message To Mark 4-Year Anniversary; Teases WW3

WONDER WOMAN Star Gal Gadot Shares Heartfelt Message To Mark 4-Year Anniversary; Teases WW3

Zack Snyder's Justice League star Gal Gadot has taken to Twitter to mark the 4-year anniversary of Wonder Woman's release with a heartfelt message to her fans, while teasing Diana's return for WW3...
WONDER WOMAN Star Gal Gadot Faces Backlash For Controversial Statement On Israel-Palestine Violence

WONDER WOMAN Star Gal Gadot Faces Backlash For Controversial Statement On Israel-Palestine Violence

Not for the first time, Gal Gadot (Wonder Woman 1984, Zack Snyder's Justice League) is facing intense backlash for her stance on the ongoing Israel-Palestine conflict after a controversial Tweet...
JUSTICE LEAGUE Star Gal Gadot Confirms Joss Whedon Told Me He Will Finish My Career

JUSTICE LEAGUE Star Gal Gadot Confirms Joss Whedon "Told Me He Will Finish My Career"

We've heard the rumblings about clashes on the set of Justice League between director Joss Whedon and Wonder Woman actress Gal Gadot, and the latter has now confirmed that he did threaten her career.
WONDER WOMAN 1984 Executive Producer Reveals The Sequel's Original Lead Villain Before Maxwell Lord

WONDER WOMAN 1984 Executive Producer Reveals The Sequel's Original Lead Villain Before Maxwell Lord

Wonder Woman 1984 writer and executive producer Geoff Johns has revealed who the sequel's lead villain was before Pedro Pascal was cast as the sinister Maxwell Lord. Find more details after the jump...
WONDER WOMAN 1984 Star Connie Nielsen Feels Delayed Release Contributed To Negative Reaction

WONDER WOMAN 1984 Star Connie Nielsen Feels Delayed Release Contributed To Negative Reaction

Wonder Woman 1984 received a decidedly mixed reaction from fans and critics, but Connie Nielsen (Hippolyta) has now defended Patty Jenkins' vision while weighing in on the sequel's detractors...
Latest Headlines
KRAVEN Movie Reportedly Eyeing WITHOUT REMORSE Star Jodie Turner-Smith To Play Calypso

KRAVEN Movie Reportedly Eyeing WITHOUT REMORSE Star Jodie Turner-Smith To Play Calypso

Kraven the Hunter is expected to face-off against Chameleon in his first big-screen outing, but we're now hearing that Sony Pictures is interested in Jodie Turner-Smith to play another villain: Calypso.
THE SUICIDE SQUAD Rotten Tomatoes Score Revealed Alongside A Badass New Poster Highlighting Task Force X

THE SUICIDE SQUAD Rotten Tomatoes Score Revealed Alongside A Badass New Poster Highlighting Task Force X

The Suicide Squad review embargo lifted earlier today, and it's fair to say that James Gunn's take on Task Force X has been received quite a bit differently to David Ayer's back in 2016. Check it out...
WHAT IF? - Check Out A New Poster And Stills From Marvel Studios' First Animated TV Series

WHAT IF? - Check Out A New Poster And Stills From Marvel Studios' First Animated TV Series

A new poster has been released for What If? that puts the spotlight squarely on The Watcher, while Jeffrey Wright reveals which episodes of the Disney+ series he's most excited for fans to check out...
THE SUICIDE SQUAD Review Roundup: Find Out What The Critics Are Saying About James Gunn's DCEU Debut

THE SUICIDE SQUAD Review Roundup: Find Out What The Critics Are Saying About James Gunn's DCEU Debut

The review embargo has now lifted, and critics have weighed in with their thoughts on James Gunn's The Suicide Squad. You've read our take on the movie, but find out what the consensus is here.
WHAT IF? Marvel Legends Figures Reveal A Shocking New Take On Nebula, Zombie Hunter Spidey, And More

WHAT IF? Marvel Legends Figures Reveal A Shocking New Take On Nebula, Zombie Hunter Spidey, And More

Hasbro just revealed a new wave of Marvel Legends action figures based on What If?, and there's a new take on Nebula here that's definitely a departure from what we're used to seeing. Check it out...
SPIDER-MAN: NO WAY HOME - 8 More Wall-Crawler Variants We Need To See In The Threequel

SPIDER-MAN: NO WAY HOME - 8 More Wall-Crawler Variants We Need To See In The Threequel

All the signs are pointing to Spider-Man: No Way Home bringing back Tobey Maguire and Andrew Garfield, but which other Variants from the big and small screen could we see? We have some spectacular ideas...
BLACK PANTHER: WAKANDA FOREVER Set Photo Hints At Underwater Scenes...Are We Heading To Atlantis?

BLACK PANTHER: WAKANDA FOREVER Set Photo Hints At Underwater Scenes...Are We Heading To Atlantis?

Excitement for Black Panther: Wakanda Forever is building, and a newly surfaced set photo indicates that we will indeed be getting some underwater scenes in the sequel. Does that confirm Namor's debut?
THE SUICIDE SQUAD Review: James Gunn's Magnum Opus Is A Beautiful, Blood-Soaked Blast

THE SUICIDE SQUAD Review: James Gunn's Magnum Opus Is A Beautiful, Blood-Soaked Blast

You've seen the highly positive social media reactions to The Suicide Squad, but now that the review embargo is up, you can find our take on James Gunn's utterly bonkers DCEU debut right here.